Netflix in Decline

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This article has virtually no spin – it lists the facts of what is going on with Netflix very straightforwardly.
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First Published: 07/28/2019 03:55:03 am
Last Updated: 11/30/-0001 12:00:00 am
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Forbes
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Netflix's shares are down by almost 20% or $26 billion
Netflix founder Reed Hastings's net worth fell $850 million
Between Jan 1 and July 17, shares had risen by 35%
On July 17, Netflix published quarterly report showing decline of 126,000 U.S. subscribers
Netflix expects to add 7 million subscribers during the third quarter
Netflix has over 150 million paid users globally
Hastings and Marc Randolph cofounded Netflix in 1997
Orginially an online DVD rental service, Netflix added video streaming in 2010
Netflix has recently produced many popular movies
Netflix is only one out of many streaming services, with new streaming platforms due to come out soon
The advent of new streaming platforms means that Netflix will lose the streaming rights to popular programs
Article Info (4)
Date Published: 0000-00-00 00:00:00
Date Accessed: 0000-00-00 00:00:00
Article Author: Noah Kirsch
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